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Stocks Drop as FTSE 100 Sustained by Pound Tumble
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Loading...Stocks fall across Europe, trimming much of their gains made on Friday, as investors begin focusing on
week’s policy meeting of the European Central Bank, seeking insight on when the institution may begin to curtail its stimulus measures.
The Stoxx Europe 600 drops 0.7 percent, after gaining 1 percent on Friday -- the most in a month. The U.K.’s FTSE 100 was little changed on Monday as the pound tumbled versus the dollar ahead of U.K. Prime Minister Theresa May’s speech on Brexit plans on Tuesday. The British benchmark has traded close to record highs this year, although when stripped of its mining and energy companies, the index has been moving sideways.
1 out of 19 Stoxx 600 sectors rise; autos is the most active -1.3% on 226% 30-day average volume followed by real estate -0.5% on 201% average volume; technology is the least active
sector -0.5% on 80% average volume 159 Stoxx 600 members gain, 426 decline
Top Stoxx 600 outperformers include: Essilor International SA +13.8%, Luxottica Group SpA +7.7%, HUGO BOSS AG +6.6%, ams AG +3.5%, Centamin PLC +2.5%
Top Stoxx 600 underperformers include: Assicurazioni Generali SpA -2.9%, Banco BPM SpA -2.8%, Hennes & Mauritz AB 2.7%, EXOR NV -2.6%, UniCredit SpA -2.5%
Equities: Euro Stoxx 50 down 0.7%, FTSE 100 unchanged, DAX down 0.7%, CAC 40 down 0.6%, FTSEMIB down 1.0%, IBEX 35 down 0.7%, AEX-Index down 0.7%, Swiss Market Index down 0.7%
Bonds: German 10-year-yield down 3bps at 0.31%, Dutch 10-year- yield down 3bps at 0.41%, French 10-year-yield down 1bps at 0.79%, Portuguese 10-year-yield unchanged at 3.91%, Italian 10- year-yield up 1bps at 1.91%
Credit: iTraxx Main up 1.0bps at 69.3, iTraxx Crossover up 3.8bps at 290.7
FX: Euro spot down 0.43% at 1.0597, Dollar index up 0.41% at 101.59
Commodities: Brent crude down 0.2% at $55.4/bbl, gold up 0.5% at $1,203.79/oz, copper down 0.1% at $5,902/MT
Equities: FTSE MIB (-1.0%), Nikkei 225 (-1.0%)
Bonds: Greek 10-year-yield (+3bps), German 10-year-yield (-3bps)
Commodities: LME 3m Nickel (-1.2%), Natural Gas futures (+1.0%)
FX: Sterling spot (-1.3%), EUR/GBP (-1.1%) S&P 500 futures down 0.3% at 2,266.2
VStoxx Index up 6.5% at 15.8
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